LONDON — U.K. production company Hammer is producing a new version of “The Abominable Snowman.” The project is being developed in association with Ben Holden (“The Quiet Ones,” “The Woman in Black: Angel of Death”).

A modern take on the Yeti myth, the pic centers on a scientific expedition’s ascent up an unclimbed peak of one of the world’s most formidable mountains, where it accidentally awakens an ancient creature.

The original screenplay by Matthew Read (“Pusher,” “Hammer of the Gods”) and Jon Croker (“The Woman in Black: Angel of Death,” “Desert Dancer”) puts a modern twist on the 1957 film from Hammer.

Hammer, which is part of Exclusive Media, aims to produce British horror films that are “original, current and relevant for modern audiences,” the company said in a statement. Hammer’s “The Woman in Black” became the most successful British horror film of all time.

Simon Oakes (pictured), prexy and CEO of Hammer, and vice-chairman of Exclusive Media, said: “The success of ‘Let Me In’ and ‘The Woman in Black’ has shown that there is an appetite for quality horror films, so it is exciting to draw on Hammer’s unparalleled source material in this genre, which can be re-imagined and updated for a new audience.”

Holden is currently collaborating with Hammer on “The Woman in Black: Angel of Death,” which is in production in the U.K.